Ontario, BC, Quebec Giving Out Up To $14k To Buy Tesla

Tesla has been in the news a lot as of late due to its popularity as a nice looking car with very efficient electric consumption. But it also comes across as a very expensive car - Model S for example will set you back almost $86,000.

But do not worry with the new launch of Model 3, you can buy Tesla for only $46,000 and achieve 354 km of range on one charge.

Not sure about Tesla or other electronic vehicle? Just look at total CO2 saved by Tesla vehicles, you want your children to breath fresh air , right?

The good thing is that provincial governments recognize that electric cars are good for environment and have decided to give out incentives - some big some not so big - to entice customers to buy electric vehicles.

That's right - no gimmicks - it's free money as long as you live / buy the car in the "right" province, they will give you free money to subsidize your car.

The only drawback is that Tesla 3 been having some issues with production and you might need to wait about a year or 2 before it gets delivered to you. But hey you will get your subsidy locked in as described below and only need to pay $1k down-payment to reserve yours.

If the manufacturer’s suggested retail price (MSRP) is less than
$75 000:

$8 000

If the MSRP of the vehicle is between $75 000 and
$125 000:

$3 000

Plug-in hybrid vehicles

If the manufacturer’s suggested retail price (MSRP) is less than
$75 000:the amount of the rebate is calculated according to the electric battery capacity.

$500, $4 000
or $8 000

Hybrid vehicles

For the 2017 or earlier model years: no rebate starting with the 2018 model year.

$500

Hydrogen-powered vehicles

If the manufacturer’s suggested retail price (MSRP) is less than
$75 000:

$8 000

If the MSRP of the vehicle is between $75 000 and
$125 000:

$3 000

Low-speed electric vehicles

$1 000

Electric motorcycles

$2 000

Limited-speed electric motorcycles (electric scooters)

$500

Quebec is almost the same as BC, but a bit more generous, even though all vehicles over $125k are not subsidized, the vehicles over $75k are still subsidized with $3k subsidy.

Ontario - The Winner - drum roll please - with up to $14k subsidy

Incentives of up to $14,000 will be provided for eligible Hydrogen Fuel Cell Vehicles (HFCVs)

Incentives for eligible battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) are now determined based on each vehicle’s all-electric range and seating capacity. The updated incentives vary from $5,000 to $14,000

You know what that means you can own your precious little Tesla 3 for only around $31k. That's about $500 in lease a month for 4 years.

Unlike Quebec and BC, Ontario does not subsidize at all cars over $75k. Maybe it's for the best if you can afford $100k car, why would you need $14k subsidy, right?

It's also a good time to act now: the more people interested in owning electric vehicles, the sooner governments will void these amazing subsidies.

Hold on a second, I am a bit confused - what do all these different HFCVs, BEVs and PHEVs acronyms mean - I thought electric car was electric car - well not so fast, buster, here is a quick intro for you to know the difference.

Source http://synergyfiles.com

Do not fancy Tesla 3 that much? Maybe consider all-electric Volkswagen e-Golf - it is few thousand cheaper in Ontario than its all-gas equivalent. However it only gets you about 200km or so vs 350+km with Tesla. But once again - sold out all across the province - but you might be able to reserve it. Price? $36k-$14k = $22k.

Or another good option could be Honda Clarity - basically a plug-in equivalent of the Honda Accord. It is a PHEV version and only has range of up to 76 kilometres on battery alone, according to Honda. It's a bit pricier at $40k but with $13k subsidy in Ontario - it is still pretty good deal at $27,000.

You decide - what car do you like? Recommend? Will you be buying electric car or will wait? Did you buy electric car already - are you liking it? Leave us your comments below.